Solomon Islands relaxes capital controls


The Solomon Islands central bank announced on July 7 that it was issuing new rules allowing people to send larger sums of money abroad. 

Under the new regulations, businesses can spend up to 1 million Solomon Islands dollars ($125,000) per foreign transaction. Individuals may export up to 100,000 Solomon Islands dollars a month ($12,500), up from 30,000 Solomon Islands dollars.  

The central bank now caps import-related transactions at 250,000 Solomon Islands dollars (US$31,250), up from 100

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